Shankesh Jewellers IPO: Price Band, Key Dates, Issue Details and Financial Performance
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Shankesh Jewellers IPO opens 18 August at ₹88-93, with ₹367 crore issue size and debt repayment plans. Check key dates, financials and other details.
The Shankesh Jewellers initial public offering (IPO) is set to enter the primary market on 18 August with an issue of nearly ₹367 crore. The Mumbai-based handcrafted gold jewellery manufacturer is offering 3.95 crore shares through a combination of a fresh issue and an offer for sale (OFS). The public issue will remain open for subscription until 20 August.
The Shankesh Jewellers IPO price band has been fixed at ₹88 to ₹93 per share. At the upper end of the band, the fresh issue of 2.95 crore shares is expected to raise about ₹274 crore. The OFS consists of 1 crore shares. The anchor portion of the issue will open on 17 August.
Aryaman Financial Services and Smart Horizon Capital Advisors are the book-running lead managers, while KFIN Technologies is the registrar for the IPO.
What Are The Shankesh Jewellers IPO Key Dates?
Investors will be able to bid for the Shankesh Jewellers IPO from 18 August to 20 August. The basis of share allotment is likely to be finalised on 21 August. Shares allotted to successful applicants are expected to be credited to their demat accounts on 24 August.
The company's shares are scheduled to make their stock market debut on 25 August. The IPO will be listed on both the National Stock Exchange and the Bombay Stock Exchange.
The OFS will see promoter Kantilal Kheemraj Jain sell 48 lakh shares. His son, Manoj Kantilal Jain, will sell another 52 lakh shares. Money raised through this portion will go to the selling shareholders rather than the company.
How Does Shankesh Jewellers Plan To Use The IPO Funds?
The company plans to put ₹158 crore of the fresh issue proceeds towards loan repayment. Another ₹38 crore has been earmarked for working capital needs. The balance will be used for general corporate purposes.
As of June 2026, Shankesh Jewellers had working capital facilities of ₹167 crore and outstanding borrowings of ₹162.94 crore. The planned repayment is therefore expected to reduce its debt burden after the issue.
Shankesh Jewellers Financial Performance
Shankesh Jewellers' revenue from operations increased from ₹1,061.78 crore in FY24 to ₹1,403.83 crore in FY25. It rose further to ₹1,630.8 crore in FY26. Profit for FY26 stood at ₹106.7 crore, compared with ₹40.3 crore a year earlier.
The company manufactures handcrafted jewellery in 22-karat and 18-karat gold. It follows an asset-light model and uses third-party job workers for manufacturing. Its customers include Joyalukkas India, Kalyan Jewellers India, P N Gadgil & Sons, Manoj Vaibhav Gems ‘N’ Jewellers and Novel Jewels, among others.
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This article is for informational purposes only and should not be considered investment advice from Kotak Neo. For compliance T&C and disclaimers, visit www.kotakneo.com/disclaimer.
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